"Read Their Lips

By Mallory Factor

Source TechCentralStationDaily

"So what would the Democrats actually do in power? Voters are starting to ask, as polls suggest that Democratic control of the U.S. House is more and more possible.

For starters, take Nancy Pelosi, who would be Speaker of the House if the Democrats win. She has cut through a San Francisco fog of obscurity about the Democrats' intentions and spoken clearly: Last week she said that President Bush's tax cuts would have to be rolled back for those above "a certain level," with details to be worked out later. To parse this statement, recall that the Democrats' definition of "rich" is pretty broad; in 2001, before the Bush tax cuts were enacted, the 36% income tax rate kicked in at $166,500 for married couples filing jointly. Not content to stop at the usual "soak the rich" Democratic rhetoric, Pelosi also noted that middle-class tax relief would have to take a backseat (and maybe the caboose) to not increasing the deficit. So if the Democrats win, you will have no idea what your taxes will be next year.

Rep. Charlie Rangel of New York would be in charge of writing the nation's tax legislation. He would determine what rates you and your business will pay. Singing the same tune as Pelosi, Rangel recently said that if the Democrats win, "Everything is on the table." In fact, when he was asked if he would consider across-the-board income tax increases on everyone, including the middle class, he said "No question about it."

If top Democrats talk this way now before they're elected, what can we expect them to do afterwards?

Next, let's look at spending. One has to admit that the Republicans have given into the spending temptation, too, in the last few years. But the answer is structur....